Over a year ago the Bank of England decided to tighten money policy considerably. It removed all the special credit lines for commercial banks designed to encourage lending. It issued stricter guidance over car loans, mortgages and consumer credit. It… read more
A week or two ago the media was full of stories of an exceptional heat wave that would take temperatures to new records. We were told that we should expect drought and intense heat. A few days on and temperatures slumped, with plenty of rain over th… read more
I guess much of the latest round of Project Fear, now in its extreme phase, comes from EU sources. They are clearly worried that we might just leave without making them a large payment and without staying in their system for another 21 months. They se… read more
Here’s a paradox. Ask the UK Treasury for money for schools or social care or defence and they say there isn’t any. Ask the Treasury for more money for the EU, and they say how much would the EU like? Here’s a popular policy. The PM should tell the Tr… read more
Growth mainly happens thanks to free enterprise and the opportunities of the market. Governments can help at the margin, and can hinder in so many ways if they follow anti enterprise policies. I have been arguing in recent posts for two straightforwar… read more